Family Service Association of Greater Fall River Inc

Analysis

Family Service Association of Greater Fall River Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in April 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Family Service Association of Greater Fall River Inc reported income of $24.3m and spending of $23.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.2m to $24.3m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Service Association of Greater Fall River Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Texas Public Policy Foundation ($24.3m), True Ground Housing Partners ($24.3m) and Vali Division of Wasatch-Lakecrest ($24.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Other salaries and wages came to $12.6m. At year end it held assets of $30.6m against liabilities of $7.8m, net assets of $22.8m. It reported 305 employees.